Razorpay introduces 2-minute instant refunds on failed UPI transactions

New Delhi (IANS) Fintech platform Razorpay POS on Monday launched an industry-first 'instant refunds' feature on failed unified payments interface i(UPI) transactions in the country.

The solution by Razorpay POS will provide instant…

Sony sends termination letter to Zee to call off merger

New Delhi (IANS) Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. that it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition…

AI launches maiden flight with Airbus A350-900 from Mumbai to Chennai

Mumbai (IANS) Air India operated its maiden flight with the most advanced and the country’s first Airbus A350-900 with the carriers’ new livery on the Mumbai-Chennai sector, here on Monday, said an official.

The flight AI-589 took off with…

Short-term trend of Nifty remains choppy

New Delhi (IANS) Nifty ended the extended week with a fall of 1.47 per cent to close at 21,571.80, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.

Nifty mid-cap 100 Index managed to close at fresh all-time highs on Saturday.…

FPIs pressed massive equity sale of Rs 24,000 cr in last 3 days

New Delhi (IANS) There is a sudden change in the strategy of the FPIs starting January 17 and they turned massive sellers in the cash market having sold equity worth Rs 24,147 crore in three days from January 17-19, says V.K. Vijayakumar, Chief Investment…

ICICI Bank posts 23.5% rise in Q3 net profit

Mumbai (IANS) ICICI Bank on Saturday declared a 23.5 per cent increase in its net profit to Rs 10,272 crore for the October-December quarter of the current financial year.

The bank had reported a net profit of Rs 8,312 crore in the same quarter…

FPIs sold equity massively for Rs 20,480 cr in last 2 days

New Delhi (IANS) An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

FPIs have sold…

UltraTech Cement logs Rs 1,777 cr Q3 PAT

Chennai (IANS) Aditya Birla Group’s UltraTech Cement Limited on Friday said it closed the third quarter of FY24 with a consolidated net sales of Rs16,487 crore as against Rs 15,299 crore over the corresponding period of the previous year.

Profit…

Paytm registers bumper operating revenue uptick of 38% YoY, PAT improves by Rs 170cr YoY

New Delhi (IANS) India’s leading payments and financial services company Paytm has shown yet another impressive quarterly growth, registering a bumper operating revenue uptick of 38 per cent YoY, taking the revenue to Rs 2,850 crore in Q3FY24.

DMI Group acquires troubled fintech startup ZestMoney

New Delhi (IANS) The DMI Group has acquired the homegrown digital EMI financing platform ZestMoney (Zest) for an undisclosed sum, the company announced on Thursday.

This development comes after the startup's new leadership informed the…